Hot Springs Market Update

Are you interested in the year-end results for the residential real estate market in Garland County for 2017?  The total sales volume is up 12% year-over-year with the average sales price at $179,110, and the average selling time is around 5.6 months. 
Below is an overview of this year’s sales compared to this same time period year-over-year.
Average Days on Market
1/1/16 – 12/31/16:  164
1/1/17 – 12/31/17:  168           
Number of Listings Sold
1/1/16 – 12/31/16:  1481
1/1/17 - 12/31/17:  1558                
Average Price of Sold Listings
1/1/16 – 12/31/16:  $167,981
1/1/17 – 12/31/17:  $179,110

MLS Sold Volume
1/1/16 – 12/31/16:  $248,781,004
1/1/17 – 12/31/17:  $279,054,596
(data obtained from the Hot Springs Board of Realtors mls, and it does not include home sales by owner, or other sales not reported thru our local mls)
Click here to take a look at the next report that shows a more detailed overview of the current home sales in Garland County, AR. This report will give you a better look at the supply and demand of homes.
If we can help more, please don’t hesitate to give us a call at 501.655.6247. It is always our pleasure to serve you.
Warm regards,
Jeff and Paulia Kennedy
Hot Springs 1st Choice Realty
(501) 655-6247
Jeff@BestofHotSprings.com

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